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Trend is your friend: *RES 4:...>

EURO-STERLING TECHS
EURO-STERLING TECHS: Trend is your friend:
*RES 4: 0.9108 High Jan 3 and major resistance
*RES 3: 0.9062 High Jan 11
*RES 2: 0.9000 Psychological round number
*RES 1: 0.8976 High Jun 26 and bull trigger
*PRICE: 0.8971 @ 15:21 GMT June 27
*SUP 1: 0.8929/16 200-hma/Low Jun 25
*SUP 2: 0.8873 Low Jun 20
*SUP 3: 0.8851 Low Jun 7
*SUP 4: 0.8839/30 100-wma/Low Jun 6
EURGBP maintains an outright bullish tone having recently held above it's 20-day
EMA. The cross also printed a fresh trend high yesterday at 0.8976, and a close
above here should extend upside momentum. For bears, the 200-hma & Jun 25 low
are key support at 0.8929/16. Trend support has been defined at 0.8873, a break
of this level would instead signal a bearish reversal.

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